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Bpcltrading

BPCL is ready for a bullish break outBPCL has been trading with good volumes on the bourses in recent months. The 52W H/L being INR 484.60 / 314.10 It is consistently trading above its long-term Moving Average for the past 3 months There is a positive divergence on the oscillators It is standing right at the resistance level on higher time frames Resultantly, I believe that the target price should be INR 545-555 Stop Loss should be INR 457.00 Risk to Reward will be 1:3 The time horizon should be 9-12 months
NSE:BPCLLong
by Hobbytopassion_ManishJain
BPCL--Good Buy @340-335 Range??Observations:: --------->> The stock is trending upwards in daily time frame. --------->> Previous resistance is broken @360 strongly. If this acts as support buy ness is observed. -------->> we have a demand zone @340-335 levels. where previously strong buy ness is observed. --------->> if this zones acts as a support, a strong rise towards upside is possible. If price breaks resistance @375 range we have next resistance placed @385,400 range possible. if price comes back to this place we will go for buy @375,385,400 . Keep track this levels.
NSE:BPCLLong
by IIT-Trader
BPCL : Can break box pattern? After down trend, BPCL is now in accumulation phase. Bulls are showing aggressiveness on chart. May be it revers again from here inside box. but what if it breakout box pattern :). Can we see uptrend back ? What's your view? My view, i will wait for Box pattern breakout before entering and keep eye on this stock. Best for Swing trading if you know price actions Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BPCL
by ChartsSpecialist
Head & shoulder in BPCL. BPCL has formed a head and shoulder pattern on a daily time frame. The stock had closed just near the neck line and if the level is crossed a nice target of 315 can be achieved in intraday trade. The stock is trading below 20 and 200 DMA and on the hourly time frame, there is a bearish moving averages cross over. Confirmation for the trade:- 1. Head & shoulder 2. Bearish cross over (hourly time frame) 3. Closed below 20 and 200 ema (daily time frame Only enter the trade if a 60 minute candle closes below 320-320.5 price level. Targets :- 315, 307 Stop loss :- 325 Wait for a clear enter in the trade and for a price action near the levels. A intraday and even a swing trade can be initiated in this stock.
NSE:BPCL
by Mambotrade
BPCL - long viewThe stock has crested a good base at the level range of 330 levels. As you can see the stock has taken support around this area and moved upwards. It reached a high of 503 levels before crumbling to huge selling pressures. The stock is trying to make its way back to the top. I have presented my views on the chart with levels that can help you take your trades. Thanks & Regards, If you feel you can make use of my and put them to good use, request you to kindly revert with feedback/suggestion/improvement
NSE:BPCLLong
by ruelfernandes
Simple Trade Setup | BPCL | 17-08-2021NSE:BPCL Observations: 1) On Daily Time frame it looks trading in the range 445-465. 2) On Daily Time frame it looks like it is forming tripple bottom or may form tripple top pattern. 3) On Daily Time Frame it took support from 21DMA and closed above 50DMA Please refer Chart below: daily time frame. 4) On 1hour time frame stock closed in the critical zone which is acting as a resistance since long time. Please refer chart below: 1 hour time frame. -------------------------------------------------- Trade Setup for Date 17-08-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and target w.r.t price action working near that level tomorrow. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:BPCL
by Trading_hawk